Res 1989-047 - Laserfiche WebLink

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to the commencement of operations and are subject to said City's approval. Insurance carriers insuring Lessee in accordance herewith which are not rated by the most recent edition of Best's Key Rating Guide. property-Casualty, published by A.M. Best Company, or insurance carriers having a rating lower than B+VII as shown in the most recent edition of said book, will not be approved by the City unless a guaranty bond acceptable to said City from a carrier rated B+VII or higher guaranteeing payment of any and all claims against Lessee is furnished to the City. All insurance required under this Paragraph 10 shall be written with the City of San Marcos as an additional insured. The stated limits of insurance required by this Paragraph 10. are MINIMUM ONLY and it shall be Lessee's responsibility to determine what limits are adequate. These minimum limits may be basic policy limits or any combination of basic limits and umbrella limits. In any event, Lessee is fully responsible for all losses arising out of, resulting from or connected with operations under this Agreement whether or not said losses are covered by insurance. The City's acceptance of Certificates of Insurance that in any respect do not comply with the Agreement requirements does not release Lessee from compliance herewith. All insurance required under this Paragraph 10 shall be primary over any other insurance coverage the City of San Marcos may have. 11. Indemnity And Hold Harmless. A. Lessee shall indemnify Lessor and save it harmless from suits, actions, damages, liability and expense in connection with the loss of life, bodily or personal injury or property damage arising from or out of any occurrence in or upon the demised premises or from the occupancy or the use by Lessee of said premises or any part thereof, or occasioned wholly or in part by any act or omission of Lessee, its agents, contractors, employees, servants, invitees, licensees or -7-